Cenovus to acquire MEG Energy in C$7.9 billion deal in oil sands expansion

Canadian oil and gas producer Cenovus Energy said on Friday it will buy MEG Energy in a cash-and-stock deal valued at C$7.9 billion ($5.68 billion), including debt, to create one of the largest oil sands companies in Canada.

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Cenovus to acquire MEG Energy in C$7.9 billion deal in oil sands expansion

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